Black Box Limited has allotted 8,179 equity shares to Manish Agarwal through conversion of convertible warrants on February 11, 2026. The Board of Directors approved the allotment at their meeting held on the same date, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

Share Allotment Details

The equity shares were allotted at Rs. 417 per share, comprising a face value of Rs. 2 and a premium of Rs. 415 per share. The allotment was made against receipt of the balance subscription amount for warrant conversion.

Impact on Share Capital

The allotment resulted in an increase in the company's issued, subscribed and paid-up capital. The total number of equity shares outstanding increased from 17,04,82,543 to 17,04,90,722 shares.

Shareholding Pattern Changes

Manish Agarwal's shareholding in the company increased following the allotment, though his percentage holding remained unchanged at 0.01% due to the relatively small size of the allotment compared to the total share capital.

Warrant Conversion Process

The warrants were originally allotted on September 27, 2024, at Rs. 417 each. As per the conversion mechanism, 25% of the total consideration was received at the time of warrant allotment, while the balance 75% was received during the current conversion into equity shares.

Following this allotment, the company has 70,04,533 warrants outstanding for conversion. The newly allotted shares will rank pari passu with the existing equity shares of the company, carrying equal rights and privileges.

Black Box Limited has announced the outcome of its board meeting held on February 11, 2026, approving Q3FY26 unaudited financial results and key corporate decisions including equity share allotment and senior management appointments. The company has also made available the earnings call recording for stakeholder access.

Financial Performance Overview

The company delivered strong Q3FY26 performance with consolidated revenue reaching ₹1,659.58 crores compared to ₹1,501.72 crores in Q3FY25, representing 11% year-on-year growth. Net profit for the quarter stood at ₹49.68 crores against ₹56.08 crores in the corresponding period last year.

Nine Months Performance

For the nine months ended December 31, 2025, consolidated revenue reached ₹4,630.91 crores compared to ₹4,422.33 crores in the corresponding period last year, representing 5% growth. Net profit for 9MFY26 stood at ₹152.76 crores against ₹144.31 crores in the previous year, showing 6% improvement.

Equity Share Allotment

The board approved allotment of 8,179 equity shares of ₹2 each at a premium of ₹415 per share to Manish Agarwal (Non-Promoter) pursuant to conversion of equal number of convertible warrants. The total consideration received was ₹34,10,643.

Following this allotment, the company's paid-up capital increased from 17,04,82,543 equity shares aggregating to ₹34,09,65,086 to 17,04,90,722 equity shares aggregating to ₹34,09,81,444. After the current allotment, 70,04,533 warrants remain outstanding for conversion.

Senior Management Appointments

The board approved eight officials as Senior Management Personnel based on revised organizational hierarchy:

Earnings Call Recording Available

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, Black Box Limited has made available the audio recording of the earnings call hosted on February 12, 2026, for Q3 & 9M FY26 unaudited financial results. The recording link has been shared with stock exchanges for dissemination to all stakeholders. Company Secretary & Compliance Officer Aditya Goswami communicated this information to BSE and NSE through official correspondence.

Exceptional Items Impact

The company reported exceptional expenses of ₹21.92 crores in Q3FY26, including ₹13.96 crores for severance expenses, ₹2.56 crores for lease foreclosure, and ₹5.55 crores impact from New Labour Codes implementation effective November 21, 2025.

Regulatory Compliance

The board meeting commenced at 7:45 PM and concluded at 10:25 PM on February 11, 2026. The financial results were prepared in accordance with Indian Accounting Standard 34 and reviewed by statutory auditors MSKA & Associates LLP.